INDIANAPOLIS, IND. (WOWO) Investor-owned electric utilities are earning higher profits at the same time that household electricity bills continue to rise, according to a new analysis.
The Energy and Policy Institute reviewed financial filings from more than 100 investor-owned electric utilities covering the years 2021 through 2024, with preliminary 2025 data included. Stateline reports that the study found utilities retained roughly 15 cents of every dollar collected last year, up from an average of 13 cents in previous years. For households paying around $200 a month, this means approximately $30 went to corporate profit.
The analysis highlights regional differences in profitability. Utilities in the Southeast, operating outside of organized wholesale electricity markets, reported the largest margins, retaining nearly 16 percent of revenue. Mid-Atlantic utilities operating within the PJM Interconnection market averaged about 11.8 percent, and utilities in New York and New England reported similar or lower profits. The highest margins among the utilities studied were recorded by MidAmerican Energy, Florida Power & Light, and Nantucket Electric…